Shiba Inu Soars: Analyst Predicts 71% Rally In ‘Meme Super Cycle’ – Details

Quick Summary:

Some analysts think SHIB may soon overcome a major resistance level with a community-driven rally bringing its market capitalization over $11 billion, therefore enabling even further gains.

This is a perfect narrative why SHIB should be an… pic.twitter.com/i7x8D49tUn — Lola (@CryptoLollla) October 20, 2024 Still, it’s interesting to note that nearly a quarter of the meme coin’s holders had assets valued more than $100,000.

Related Reading: BONK Jumps 20% As Dog Season’ Starts, Analyst Says Positive Viewpoint In Spite Of Volatility Though Shiba Inu has a history of instability, some market analysts see a bright future for it.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: SHIB All Cryptocurrency Market News Altcoin Shiba Inu Crypto Meme coin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 13:30:10 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 78 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23202785

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

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